High Limit Credit Cards

High Limit Credit CardsWhat are the most suitable 0% high limit credit cards in the UK in 2018?

High limit credit cards can be defined as those 0% credit cards which offer new credit card customers a high credit limit.

Many customers would prefer an initial high credit limit when the customer first applies for the new credit card.

Many UK customers are looking for credit cards with high limits, often for one of following two reasons:-

  • You have a high balance on your current credit card and would like to make a balance transfer to a new credit card. This will allow you to benefit from the 0% introductory offer on balance transfers.
  • You would like to make a high value purchase using this new credit card. This will allow you to benefit from the 0% introductory offer on purchases.

In both of the above cases, the credit card customer will need to be given a high credit card limit. A large credit card limit allows a customer to make a larger purchase or balance transfer with their card.

Highest Credit Card Limit UK

Many customers are looking for a new 0% credit card with the highest credit card limit in the UK. Customers are more likely to be successful in obtaining high limit credit cards if they have:-

  • An excellent credit history
  • No recent bad debt problems
  • No recent missed or late payments
  • A low level of overall debt, excluding any mortgage
  • An annual income of around £20,000 or more

Many of the credit card companies will look for a customer to meet all of the above criteria, before providing high credit limit credit cards to new customers.

High Limit Credit Cards

There are more than 90 UK 0% credit cards currently available online. What are the most suitable cards for customers looking for high limit credit cards?

The credit card companies have generally tended to be more cautious with their lending, since the banking crisis began. This has meant that, for many customers, initial credit card limits have tended to be lower than in the years before the banking crisis began.

However, we have often seen that some credit card companies can still be more generous with their credit limits than certain other card companies.

All of the following featured credit cards, in our experience, are most likely to be suitable for customers looking for UK high limit credit cards:-

0% Credit Card Offers

Balance Transfers:
0% for 25 months
Balance Transfer Fee:
2.89%
Purchases:
0% for 25 months
Representative APR:
19.9% APR (variable)
More Information

Credit Card Details

Post Office Money Matched Credit Card*
  • 0% for 25 months on balance transfers made within 3 months of account opening
  • 2.89% balance transfer fee
  • 0% on purchases for first 25 months
  • No cash fee when you purchase Post Office Travel Money
  • Manage your account 24/7 with Post Office Money mobile app
  • Annual Fee: £0
More Information

Application Criteria

Post Office Money Matched Credit Card*
  • You are a UK resident
  • You have a bank or building society account
  • You have an annual income of £8,000 or more excluding unemployment benefits
  • You are aged 18 or over
  • You have no county court judgements
  • You must not already hold a Post Office Money Credit Card
More Information
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)
Post Office Credit Cards are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender

0% Credit Card Offers

Balance Transfers:
0% for 32 months
Balance Transfer Fee:
0.99%
Purchases:
0% for 6 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

M&S Transfer Plus Credit Card*
  • 0% for 32 months on balance transfers made within 90 days of account opening
  • 0.99% balance transfer fee, minimum £5
  • 0% on purchases for 6 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • Preferential rates when you use your card to order M&S Travel Money
  • Manage account online
  • Annual Fee: £0
More Information

Application Criteria

M&S Transfer Plus Credit Card*
  • You are a UK resident
  • You have a UK bank or building society account
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within previous 12 months
More Information
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

0% Credit Card Offers

Balance Transfers:
0% for up to 35 months
Balance Transfer Fee:
2.85%
Purchases:
0% for 3 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

Post Office Money Balance Transfer Credit Card*
  • 0% for up to 35 months on balance transfers made within 3 months of account opening
  • 2.85% balance transfer fee applies
  • 0% on all purchases for the first three months
  • No cash fee to buy travel money at the Post Office
  • Manage your account 24/7 with Post Office Money mobile app
  • Annual Fee: £0
More Information

Application Criteria

Post Office Money Balance Transfer Credit Card*
  • You are a UK resident
  • You have a bank or building society account
  • You have an annual income of £8,000 or more excluding unemployment benefits
  • You are aged 18 or over
  • You have no county court judgements
  • You must not already hold a Post Office Money Credit Card
More Information
A 2.85% fee applies and balance transfers must be made within 3 months of account opening
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
Post Office Credit Cards are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender

0% Credit Card Offers

Balance Transfers:
0% for 32 months
Balance Transfer Fee:
1.4%
Purchases:
0% for 3 months
Representative APR:
19.9% APR (variable)
More Information

Credit Card Details

HSBC Credit Card*
  • 0% interest for 32 months on balance transfers made within 60 days of account opening
  • 1.4% balance transfer fee (minimum £5)
  • 0% on purchases for 3 months from account opening
  • At the end of 0% offer period, balance transfers and purchases will revert to standard variable rate
  • home&Away rewards programme giving you instant discounts from well-known brands
  • Online account management
  • Annual Fee: £0
More Information

Application Criteria

HSBC Credit Card*
  • You have an annual income or pension before tax of £8,500 or more
  • You are a UK resident, including Isle of Man and Channel Islands
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
More Information
£25 cashback when use card for minimum of £300 for either purchases or a balance transfer within 60 days of account opening (terms apply)
Representative Example: 19.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 19.9% p.a. (variable)
Credit is subject to status

0% Credit Card Offers

Balance Transfers:
0% for 25 months
Balance Transfer Fee:
2.9%
Purchases:
0% for 25 months
Representative APR:
18.9% APR (variable)
More Information

Credit Card Details

M&S Shopping Plus Credit Card*
  • 0% for 25 months on balance transfers made within 90 days of account opening
  • 2.9% balance transfer fee, minimum £5
  • 0% on purchases for 25 months from account opening
  • Collect M&S points every time you shop anywhere in the world with your card
  • Preferential rates when you use your card to order M&S Travel Money
  • Manage account online
  • Annual Fee: £0
More Information

Application Criteria

M&S Shopping Plus Credit Card*
  • You are a UK resident
  • You have a UK bank or building society account
  • You are aged 18 or over
  • You have not held a credit card with M&S Bank within previous 12 months
More Information
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

Credit Cards With High Limits

Customers are more likely to be accepted for any of the above high credit limit credit cards when they can successfully meet all of the application criteria that the credit card company is looking for.

Are you a customer looking to apply for any of the highest credit card limit cards? Then, it is important that you take extra care with the online application forms.

Any mistakes that you make on the application form, are more likely to lead to your application being declined. This failure may then in turn further reduce your prospects of successfully applying for other 0% credit cards with high limits.

Most 0% credit cards in the UK are issued as MasterCard credit cards. High limit credit cards, for example a credit card with a £5000 limit or higher,  are available as both Visa and MasterCard issued credit cards. The choice of payment network makes no difference to the credit limit.

The above UK featured credit cards are high limit credit cards which do not charge a customer any annual fee.

What Is The Highest Credit Card Limit You Can Get?

Very high credit limits are not very common in the UK credit card market, although not impossible. We have seen people given a £10000 credit card limit when applying for a new credit card, but this is rare.

The average credit card limit for one of the largest UK credit card company’s is  a rather lower figure of £4000.

Your actual credit limit is decided by the credit card company. The limit is based only on their lending criteria, the information provided by you on the application form combined with the information held by the credit reference agency.


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